12th Class Economics Sample Paper Economics - Sample Paper-5

  • question_answer
    How production function establishes a technical relationship and not an economic relationship?                                                                   

    Answer:

    Production function does not establish any economic relation between inputs and output. It only establishes a technical relation between inputs and output as it is only engineers (and not economists). who tells that 'x' variable factors with 'y' fixed factors will produce a maximum of 'z' units of a commodity.  production function connects inputs and output technically.                                     


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